As the UK goes into a third period of Covid-related lockdown, with non-essential businesses now closed, it’s important to know what financial support is available from the Government.
With your business closed, or running with a skeleton team of essential workers, revenues are likely to have dropped alarmingly – and that’s bad news for your financial stability.
To keep cashflow on an even keel, and to get your company through the challenges of the next few months of lockdown and Covid restrictions, it’s likely that you’ll need to call on the Government for financial support – but what financial support is available this time around?
During the initial lockdown periods of 2020, the Government provided a range of financial support schemes, with the aims of keeping the UK’s businesses financially solvent, stabilising the economy and protecting the nation’s jobs.
So, are any of these schemes available still in 2021? Here’s a list of the main financial support schemes that are currently available.
Current schemes include:
If your business has been adversely affected by Covid-19, or you’ve been forced to close due to the UK-wide lockdown, please do contact us. As your accountant, we’ll review your financial position, advise you on which schemes you’re eligible for, and will help you to produce the relevant financial information that’s needed when making a loan or grant application.
The first quarter of 2021 is likely to be a tough time for many business owners, so reach out now and let us help you get the financial assistance and funding you need.
Get in touch to talk through the government financial schemes.
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